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28 January 2025 | 1 reply
As the economy shifts, there will be new ways to grow your portfolio, but success will require staying nimble and informed.Bessent’s commitment to cutting the federal deficit involves a mix of spending cuts and revenue adjustments, which could directly affect government-funded housing programs and infrastructure investments.
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28 January 2025 | 10 replies
Alot of unknowns as you don't have the ability to walk the property beforehand, but interesting process, and pretty good deals exist there.While the Trustee Sales are cash purchases, there are many hard money options that can turn over the funds in time for the 24 hour funding required to complete the purchase.If you are interested, let me know and I can go into more detail, as well as make some other suggestions for you to consider.
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3 February 2025 | 56 replies
Pretty impressive Johnathan,As you stated, the majority of your spending in Detroit has been turnkey properties that required very little work.
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15 January 2025 | 10 replies
The income requirement was $6000.
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22 January 2025 | 5 replies
Selling below FMV treats the difference as a gift, requiring a gift tax return (if exceeding $19,000 in 2025).
20 January 2025 | 6 replies
If the property does not require an extensive rehab and just needs cosmetic repairs then a standard landlord dwelling policy in most cases depending on the carrier.
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27 January 2025 | 29 replies
Time CommitmentJoining a coaching program requires both time and effort.
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27 January 2025 | 1 reply
All buyers and sellers of rental real estate should require Tenant Estoppel Letters in their contracts.
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28 January 2025 | 8 replies
Long story short, any owner-occupied property loan will require the borrower to show income that the lender can determine to be stable and predictable in their good-faith effort to confirm the ability to repay.
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24 January 2025 | 6 replies
Additionally, we have developed templates for tracking key metrics that we require our PMs to fill out weekly.